Crypto Related Stocks in Asia See Volatile Trading Amid Bitcoin Recovery

📆 13/05/2022 12:32:00
📰 CoinDesk

⏱ Reading Time:
30 sec. here
2 min. at publisher
📊 Quality Score:
News: 15%
Publisher: 63%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

Crypto related stocks in Asia saw heavy losses as the contagion in the crypto market spread to stocks. By shauryamalwa

Bitcoin , ether , and Terra’s LUNA weren’t the only major assets were investors faced losses this week as the broader crypto market lost as much as 16% of overall capitalization on Thursday alone.

Earlier this week, bitcoin fell amid inflation concerns and contagion risks from TerraUSD's , a stablecoin pegged to U.S. dollar, freefall. Bitcoin fell to as low as $24,000 on Thursday morning before a slight recovery overnight. This risk-off reaction caused stocks of crypto related companies to tank. Japan’s Monex ended the day 10% below its open on Thursday, as did Hong Kong’s OKG Technology Holdings , which runs blockchain explorer OKLink and provides custodial services for cryptocurrencies. While, Hong Kong-listed BC Technology Group was down 15% on Friday morning.

Scrivi un Commento

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Crypto-associated stocks hammered as COIN and HOOD drop to record lowsThe stock price of listed BTC mining companies and other businesses with exposure to cryptocurrency are dropping to yearly lows as the crypto market continues to sell-off.
Fonte: Cointelegraph - 🏆 562. / 51 Leggi di più »